SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(RULE 13D-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13D-1(B) (C), AND (D) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13D-2(B)
(AMENDMENT NO. 5)*
HARBOR FEDERAL BANCORP, INC.
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
41151A 10 8
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(CUSIP Number)
N/A
- --------------------------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
|X| Rule 13d-1(b)
|X| Rule 13d-1(c)
|_| Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
Page 1 of 9 Pages
<PAGE>
CUSIP NO. 41151A108 13G Page 2 of 9 Pages
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1 NAME OF REPORTING PERSON: Harbor Federal Bancorp, Inc.
Employee Stock Ownership Plan
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
52-1879039
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Maryland
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- -------------------------- --- -------------------------------------------------
NUMBER OF SHARES 5 SOLE VOTING POWER ______
--- -------------------------------------------------
--- -------------------------------------------------
BENEFICIALLY OWNED BY 6 SHARED VOTING POWER 186,034
-------
--- -------------------------------------------------
--- -------------------------------------------------
EACH REPORTING 7 SOLE DISPOSITIVE POWER ______
--- -------------------------------------------------
--- -------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER 141,251
-------
WITH
--- -------------------------------------------------
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
186,034
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11.2 %
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12 TYPE OF REPORTING PERSON*
EP
========= ======================================================================
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 41151A108 13G Page 3 of 9 Pages
========= ======================================================================
1 NAMES OF REPORTING PERSON: Joseph J. Lacy
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
###-##-####
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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- -------------------------- --- -------------------------------------------------
NUMBER OF SHARES 5 SOLE VOTING POWER 28,840
------
--- -------------------------------------------------
--- -------------------------------------------------
BENEFICIALLY OWNED BY 6 SHARED VOTING POWER 54,443
------
--- -------------------------------------------------
--- -------------------------------------------------
EACH REPORTING 7 SOLE DISPOSITIVE POWER 28,840
------
--- -------------------------------------------------
--- -------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER 45,883
------
WITH
--- -------------------------------------------------
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
83,283
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.00 %
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12 TYPE OF REPORTING PERSON*
IN
========= ======================================================================
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 41151A108 13G Page 4 of 9 Pages
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1 NAME OF REPORTING PERSON: John H. Riehl, III
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
###-##-####
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
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- --------- ----------------------------------------------------------------------
3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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- -------------------------- --- -------------------------------------------------
NUMBER OF SHARES 5 SOLE VOTING POWER 32,499
------
--- -------------------------------------------------
--- -------------------------------------------------
BENEFICIALLY OWNED BY 6 SHARED VOTING POWER 55,543
------
--- -------------------------------------------------
--- -------------------------------------------------
EACH REPORTING 7 SOLE DISPOSITIVE POWER 32,499
------
--- -------------------------------------------------
--- -------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER 46,983
------
WITH
--- -------------------------------------------------
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
88,042
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.29 %
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12 TYPE OF REPORTING PERSON*
IN
========= ======================================================================
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 41151A108 13G Page 5 of 9 Pages
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1 NAME OF REPORTING PERSON: Gideion N. Stieff, Jr.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
###-##-####
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
- --------- ----------------------------------------------------------------------
- --------- ----------------------------------------------------------------------
3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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- -------------------------- --- -------------------------------------------------
NUMBER OF SHARES 5 SOLE VOTING POWER 21,679
------
--- -------------------------------------------------
--- -------------------------------------------------
BENEFICIALLY OWNED BY 6 SHARED VOTING POWER 54,443
------
--- -------------------------------------------------
--- -------------------------------------------------
EACH REPORTING 7 SOLE DISPOSITIVE POWER 21,673
------
--- -------------------------------------------------
--- -------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER 45,883
------
WITH
--- -------------------------------------------------
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
76,122
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
4.57 %
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12 TYPE OF REPORTING PERSON*
IN
========= ======================================================================
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
Page 6 of 9 Pages
ITEM 1(A). NAME OF ISSUER:
Harbor Federal Bancorp, Inc.
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
705 York Road
Baltimore, Maryland 21204-2562
ITEM 2(A). NAME OF PERSON(S) FILING:
Harbor Federal Bancorp, Inc. Employee Stock Ownership Plan Trust ("ESOP"),
and the following individuals who serve as its trustees: Joseph J. Lacy, John H.
Riehl, III, and Gideon N. Stieff, Jr.
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE:
Same as Item 1(b).
ITEM 2(C). CITIZENSHIP:
See Row 4 of the second part of the cover page provided for each reporting
person.
ITEM 2(D). TITLE OF CLASS OF SECURITIES:
Common Stock, Par Value $1.00 per share.
ITEM 2(E). CUSIP NUMBER:
See the upper left corner of the second part of the cover page provided for
each reporting person.
ITEM 3. CHECK WHETHER THE PERSON FILING IS A:
(f) |X| Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of 1974
or Endowment Fund; see 13d-1(b)(1)(ii)(F),
Items (a), (b), (c), (d), (e), (g), and (h), (i), and (j) - not applicable.
This Schedule 13G is being filed on behalf of the ESOP identified in Item 2(a),
filing under the Item 3(f) classification, and by each trustee of the trust
established pursuant to the ESOP, filing pursuant to Rule 13d-1(c) and SEC
no-action letters. Exhibit A contains a disclosure of the voting and dispositive
powers over shares of the issuer held directly by these entities.
ITEM 4. OWNERSHIP.
(a) Amount Beneficially Owned: See Row 9 of the second part of the cover
page provided for each reporting person.
(b) Percent of Class: See Row 11 of the second part of the cover page
provided for each reporting person.
<PAGE>
Page 7 of 9 Pages
(c) See Rows 5, 6, 7, and 8 of the second part of the cover page provided
for each reporting person.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following: |_|
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
Pursuant to Section 13.7 of the ESOP, the ESOP Committee has the power to
direct the receipt of dividends on shares held in the ESOP trust.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
Not applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
Not applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not Applicable.
ITEM 10. CERTIFICATION.
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any transaction having
such purpose or effect.
By signing below, each signatory in his individual capacity certifies that,
to the best of his knowledge and belief, the securities referred to above were
not acquired and are not held for the purpose of or with the effect of changing
or influencing the control of the issuer of the securities and were not acquired
and are not held in connection with or as a participant in any transaction
having that purpose or effect.
<PAGE>
Page 8 of 9 Pages
SIGNATURE:
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
HARBOR FEDERAL BANCORP, INC.
EMPLOYEE STOCK OWNERSHIP PLAN
By Its Trustees:
/s/ Joseph J. Lacy January 11, 2000
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Joseph J. Lacy, as Trustee Date
/s/ John H. Riehl, III January 11, 2000
-------------------------------------------- ----------------
John H. Riehl, III, as Trustee Date
/s/ Gideon N. Stieff, Jr January 11, 2000
----------------------------------- ----------------
Gideon N. Stieff, Jr., as Trustee Date
/s/ Joseph J. Lacy January 11, 2000
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Joseph J. Lacy, as an Individual Stockholder Date
/s/ John H. Riehl, III January 11, 2000
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John H. Riehl, III, as an Individual Stockholder Date
/s/ Gideon N. Stieff, Jr. January 11, 2000
- ------------------------------------------------ ----------------
Gideon N. Stieff, Jr., as an Individual Date
Stockholder
<PAGE>
Exhibit A
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Identification of Members of Group
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The trustees of the ESOP hold shares of common stock of the issuer in trust
for the benefit of employees participating in the ESOP. Pursuant to Section 13.6
of the ESOP, the trustees vote common stock allocated to participant accounts in
accordance with instructions by participants. Shares of common stock of the
issuer which have not been allocated and allocated stock for which no voting
direction has been received shall be voted by the trustee in the same proportion
that participants direct the voting of allocated shares. If no voting direction
has been received as to allocated shares, the issuer may direct the trustees as
to the voting of all unallocated shares, and if the issuer gives no direction,
the trustees shall vote such shares in their sole discretion. Pursuant to
Section 13.3 of the ESOP, the trustees exercise investment direction as directed
by the issuer in its capacity as the ESOP Committee. Overall, the trustees must
exercise voting and dispositive power with respect to the assets held by the
ESOP, including common stock of the issuer, in accordance with the fiduciary
responsibility requirements imposed by Section 404 of the Employee Retirement
Income Security Act of 1974, as amended.
